Year-to-date same-store sales soar at Seattle-based fashion retailer
10 Sep '07
2 min read
Nordstrom Inc reported preliminary sales of $582.3 million for the four-week period ending September 1, 2007, an increase of 12.6 percent compared to sales of $517.1 million for the four-week period ending August 26, 2006. Same-store sales increased 6.6 percent.
Preliminary year-to-date sales of $4.93 billion increased 7.7 percent compared to sales of $4.57 billion during the same period in 2006. Year-to-date same-store sales increased 7.4 percent.
The 53rd week in fiscal 2006 created a timing shift in the 4-5-4 calendar for fiscal 2007. The month of August in fiscal 2007 began and ended one week later than in fiscal 2006. This timing shift positively impacted sales results for the month of August.
On August 31, 2007, we completed the previously announced sale of our international and wholesale Faconnable businesses. The sale of our four U.S. Faconnable boutiques is expected to close within our third quarter.
Expansion Update: On September 7, 2007, the company plans to open a full-line store at the Natick Collection in Natick, Mass.
2007 Third Quarter Sales Outlook: The timing shift from the fiscal 2006 53rd week is expected to have a positive impact on third quarter 2007 sales results.
When compared to the planned same-store sales rate of four to five percent for the 2007 third quarter, the monthly same-store sales rate in September is expected be above the anticipated quarterly rate. In October, the planned same-store sales rate is expected to be below the anticipated quarterly rate.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
